Let's make a balance around who is right: YTP or CNN with its sources:YaTingPom wrote: ↑Mon Sep 20, 2021 8:55 pmNot really.
The term “ghost cities” and “abandoned skyscrapers” gets tossed around when referring to the Chinas a lot when in fact it’s all out of date or downright incorrect.
They (China) are not knocking down buildings all over China at all.
The amount of misinformation around when it comes to China is astonishing. It’s no wonder they are kicking everyone’s Arse when it comes to manufacturing and resources.
You can all live in hope that they will get their just desserts but the reality is they are too rich and smart (they are Chinese after all) to be beaten. It’ll cost western governments and institutions billions to fight them.
Wether it could happen here I don’t know. If there’s a world wide crash then yes.
I don’t think they’ll be a crash for another 3 years. COVID rebound will help to kick the can down the road.
*Source. Me. I’m a Asian economist and ducking genius when it comes to Chinas.
CNN: ....estimates that China still has about 30 million unsold properties, which could house 80 million people. That's nearly the entire population of Germany.